Modis Navnirman successfully submits application for migration to BSE & NSE Main Board

Modis Navnirman Limited (BSE: 543539), one of the fastest growing and promising real estate players in the redevelopment space in Mumbai is pleased to announce that it has successfully submitted its application for migration from the BSE SME platform to the BSE Main Board, and simultaneously for listing on the NSE Main Board.

The Company has completed the necessary documentation and compliance requirements and filed the application with both BSE and NSE. This strategic move reflects Modis Navnirman's ambition to enhance its presence in the capital markets, unlock greater value for shareholders, and access a broader investor base.

Commenting on this development, Mr. Mahek Modi, Whole Time Director and Chief Financial Officer, Modis Navnirman Limited, said: "The submission of our application to migrate to the main boards of BSE and NSE is a significant milestone in our journey of growth and value creation. We believe that the listing on the main board will not only enhance our visibility but also provide increased opportunities to engage with institutional investors and support our long-term strategic initiatives. It is a testament to the Company's consistent performance, governance, and vision for the future. We thank all our stakeholders for their continued support and belief in our journey."

Shares of Modis Navnirman Limited was last trading in BSE at Rs. 274.45 as compared to the previous close of Rs. 272.00. The total number of shares traded during the day was 265200 in over 34 trades.

The stock hit an intraday high of Rs. 290.00 and intraday low of 272.00. The net turnover during the day was Rs. 72783240.00.

Source : Equity Bulls

Keywords

ModisNavnirman INE0L0L01012 Residential CommercialProjects Migration BSE NSE Mainboard